The FY2024 Budget Priority Investments in Economic Development in the Delta Region and Alabama Black Belt
On Friday, the Biden-Harris Administration released the President’s Budget for Fiscal Year 2024. The Budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while ensuring no one making less than $400,000 per year pays more in taxes.
“Delta Regional Authority’s FY 2024 Budget will allocate more than $27 million to financial assistance programs. By leveraging its FY 2024 Budget with additional investments from the Bipartisan Infrastructure Law and interagency partnership programs, DRA will capitalize on tremendous opportunities, focus on rural and distressed communities, and strengthen regional economic development,” said Federal Co-Chairman, Dr. Corey Wiggins.
The Budget makes critical, targeted investments in the American people that will promote greater prosperity and economic growth for decades to come. At DRA, the Budget will support:
- Expansion of and investment in the resiliency of the region’s public infrastructure to improve residents’ quality of life and increase economic opportunity.
- Strengthening the competitiveness of the region’s employers and attracting new employers to the region. Support the long-term growth of micro and small businesses, especially those that promote local industries.
- Improvement of networks of agencies, organizations, businesses, and educational institutions providing workforce development opportunities. It will promote access to services, funding, and programs that enable career stability.
- Efforts to enhance sustainable and inclusive local placemaking, quality of life, and community capacity focused on job creation and economic development.
Building on the President’s strong record of fiscal responsibility, the Budget more than fully pays for all of its investments and allows DRA to keep its fourfold commitment to advance infrastructure, create jobs, expand business, and grow local economies.
For more information on the President’s FY 2024 Budget, please visit: https://www.whitehouse.gov/omb/budget/.